Citing The Crypto Basic, Bitcoin is trading near the lower boundary of this week’s range, with veteran analyst Peter Brandt warning that prices could slide toward historical support levels. BTC is currently at $86,032, down 0.7% in the past seven days, after briefly reaching above $92,000. Brandt notes that the price is approaching the upper boundary of the lower green zone, a level that has historically acted as a support region for major market cycles. He references past examples in 2017 and 2021, where Bitcoin reversed after hitting key levels. The analyst also suggests that a move toward the support band could trigger concerns among large institutional holders like Saylor’s Strategy. Recent liquidation data shows heavy losses on the long side, with over $205 million in leveraged long positions wiped out in the past 24 hours.
Bitcoin Near Green Zone Support as Peter Brandt Warns of Potential Slide
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